Which of the following types of unemployment that occurs after all adjustments in the labor market have occurred?
A. seasonal unemployment
B. passive unemployment
C. cyclical unemployment
D. natural unemployment
Answer: D
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The lower the exchange rate, the cheaper are foreign-produced goods and services
Indicate whether the statement is true or false
The evolution of the payments system from barter to precious metals, then to fiat money, then to checks can best be understood as a consequence of
A) government regulations designed to improve the efficiency of the payments system. B) government regulations designed to promote the safety of the payments system. C) innovations that reduced the costs of exchanging goods and services. D) competition among firms to make it easier for customers to purchase their products.
If Brazil experienced a period of rapid and unexpected inflation, causing Brazilians to lose confidence in the local currency (real) as a store of value, which of the following would be least likely to occur?
a. The value of the Brazilian real would depreciate on the foreign exchange market. b. Foreign currency would be used as a substitute for the real. c. The real would be used as a store of value in other countries d. Brazilians would save less. e. The purchasing power of the real would decrease.
Suppose that a consumer has a health insurance program with co-payments of $10 per doctor visit. If the consumer purchases 6 doctor visits and the bill charged by the doctor for 6 visits is $360, the portion of this cost covered by a third-party payer is:
A. $300. B. $60. C. $420. D. $360.